CHARLOTTESVILLE – VA – August 24, 2017 – Chain Store Age
Chains close stores, and chains open stores. Legendary cataloger and online retailer L.L. Bean is one of the latter, opening its 33rd store outside of Maine and its fourth in the state of Virginia.
This week’s debut came at The Shops at Stonefield, a 265,000-sq.-ft. lifestyle center in Charlottesville that was acquired by O’Connor Capital Partners last year. “Charlottesville is an active, vibrant city with an abundance of outdoor recreational opportunities and a population base that regularly takes advantage of these resources,” said Ken Kacere, senior VP and GM of retail at L.L. Bean.
The Residences at Stonefield, a community with 104 townhomes, is under development in the area, and the center is two miles from the campus of the University of Virginia. “The Shops at Stonefield offers a prime example of why we believe there is still potential in retail,” said O’Connor CEO William Q. O’Connor. “It’s a destination property with a pleasing outdoor atmosphere and plenty of shopping, dining and entertainment choice, located in the midst of a densely-populated, vibrant and growing region.”